He also stabbed three other workers, leaving them with serious injuries
uae4 hours ago
DMCC - the world's flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise - has announced a set of new rules and regulations effective from January 2, 2020 to further enhance the ease of setting up and doing business in DMCC.
The new regulations update DMCC's existing company law framework, providing greater flexibility and ease of operations for businesses registered within DMCC and increasing the remit of their activities. The new regulations also make it easier to set up a company in DMCC.
Key enhancements to the framework include increased flexibility around a company's Articles of Association; introduction of different share types, allowing businesses to tailor the structure of shareholdings; a new dormant status has been introduced; and an increased ability to transfer company incorporation into DMCC.
"Ease of doing business is at the heart of DMCC's offering; we enable all businesses to trade efficiently and with confidence. We are confident that these enhancements will attract even more companies to do business in DMCC," said Ahmad Hamza, Executive Director Free Zone, DMCC.
Following an extensive data gathering and stakeholder engagement period, three of the world's top law firms were consulted to develop the updated framework in line with international best practices, ensuring DMCC retains its competitive edge.
See all the rules here.
Since its establishment in 2002, DMCC has attracted over 16,000 local and global businesses of all sizes, from start-ups and SMEs to Fortune 500 companies.
He also stabbed three other workers, leaving them with serious injuries
uae4 hours ago
Dubai FinTech Summit kicked off on Monday with over 200 exhibitors
business4 hours ago
There were no immediate details over what the agreement entailed
mena4 hours ago
Authorities are currently investigating the sightings
uae4 hours ago
Although Israel ordered civilians in Rafah to evacuate, charity organisations say no real plan for their move is in place
mena5 hours ago
On Sunday, the final day of the adult competition, the UAE national team delivered a stellar performance, adding seven more medals to their tally
sports5 hours ago
Report says MAI-1 will be "far larger" than the previous smaller, open source models Microsoft had previously trained
tech5 hours ago
Country is showcasing its attractions at ATM
business5 hours ago